Nuveen announced in a prospectus supplemented dated Aug. 19, 2021, that Nuveen High Yield Municipal Bond NHMRX would close to new investors at the close of business on Sept. 30, 2021. In addition to allowing existing investors to continue purchasing new shares, the firm will continue to allow those investing through mutual fund rap and fee-based advisory programs utilizing the strategy and those investing in the fund through affiliated funds of funds, model portfolios, and retirement plans offering the fund to purchase new shares. The firm stated that the decision was made to moderate asset growth but did not reflect a specific capacity ceiling on the strategy; the firm announced the same changes for Nuveen California High Yield Municipal Bond NCHRX.
Nuveen High Yield Municipal Bond I NHMRX
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will NHMRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NHMRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the NHMRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of NHMRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Nuveen High Yield Municipal Bond Is Closing to Most New Investors; Ratings Unchanged
